https://www.taxtmi.com/caselaws?id=799664 Revenue expenditure classification applies to invoice-supported materials consumed regularly in business operations and to rates and taxes, where the accounts are accepted and no item is shown to be bogus, non-genuine or fictitious. Mere expenditure quantum or an unsupported assertion of enduring benefit does not establish a capital asset or justify capital treatment. In the absence of rejected books, identified evidentiary defects, or a demonstrated capital character, an ad hoc percentage disallowance is unsustainable. The expenditure is therefore treated as allowable revenue expenditure. en-us Wed, 16 Sep 2026 00:00:00 +0530 Fri, 25 Sep 2026 08:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799664 Revenue expenditure classification applies to invoice-supported materials consumed regularly in business operations and to rates and taxes, where the accounts are accepted and no item is shown to be bogus, non-genuine or fictitious. Mere expenditure quantum or an unsupported assertion of enduring benefit does not establish a capital asset or justify capital treatment. In the absence of rejected books, identified evidentiary defects, or a demonstrated capital character, an ad hoc percentage disallowance is unsustainable. The expenditure is therefore treated as allowable revenue expenditure. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799664